Nonprofits are knowledgeable and responsible stewards in managing their financial resources. This requires effective annual budgeting practices, compliance with legally mandated financial requirements, adherence to sound accounting principles that ensure fiscal responsibility and public trust, effective internal controls, effective and efficient use of resources, and clear policies and practices to monitor the sources and uses of funds.
Online Resources
- Internal Revenue Service
- Guidestar – provides financial information on nonprofit organizations, as well as articles and information of general interest.
- Article: “Sabanes-Oxley for Nonprofits”
- Nonprofit Finance Fund – provides technical assistance and loans to nonprofit organizations undertaking capital projects and facility improvements, including assistance in the planning and management of relocations, renovations, and equipment for systems upgrades.
- About.com – search for various topics on financial management for nonprofits
- Board Cafe – great website with guidance on financial management topics for board members of nonprofit organizations (Under the “Finance & Budget” category)
- The American Institute of CPAs Nonprofit Resource Center
- BoardSource -has a number of publications available for sale (including downloadable documents) on financial management topics for board members of nonprofit organizations
- National Council of Nonprofits – financial management resources
- Free Management Library – has a great deal of information on a wide range of financial management topics for nonprofit organizations
- SC Association of CPAs - you can find a CPA or post your request for an audit proposal
